What if the funds overlap a great deal but aren't both aiming at the same index?
There are a lot of exchange traded funds out there that track the same index.
It tracks the same index as MLPI but with 2x leverage juicing its yield to 12.9%.
This fund has competed directly (and taken market share from) the iShares MSCI Emerging Markets ETF ( EEM) on the same index.
Over that period, the same index for poor countries tumbled 60%.
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For example, in the case of index funds, don't switch out of one family's fund and into another that tracks the same index.
Despite the many specialty ETFs that have come on the market in recent years, most ETFs are index mutual funds and these ETFs track closely with index mutual funds that follow the same index.
To avoid overlap, it makes sense to ensure that the ETFs you use for developed-markets exposure should track a benchmark from the same index provider as the ETF you use to capture the developing world.
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In these cases, the ETF becomes riskier than the index it tracks and a lack of commission may not be enough to justify the additional risk over buying a mutual fund that tracks the same index.
First, actively-managed mutual funds cannot earn excess returns over index funds because in aggregate they earn the same as index funds, less the difference in cost.
In the same quarter the index of house prices calculated by the Australian Bureau of Statistics accelerated.
It's too simple, writes hacker Robert Hansen, also known as rSnake, to find the source of the images, index them with the same tools the CAPTCHA-builders used and exploit that index to break the puzzle.
The electricity tariff cut lowered the index by 0.45%, so if one takes away the one-off effect of this cut, and maintaining all other items the same, the price index would have reached 1.13% higher month over month, or a whopping 14.44% annualized.
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They buy and hold all, or a representative sample, of the same securities in the index to replicate its performance.
At the same time the national price index for personal consumption spending increased 0.3% in the third quarter, which is seasonally adjusted, but may reflect a slight pick up in pre-holiday spending.
So what the CEMP Index does is decrease the higher volatility stocks and increase the lower volatility stocks so all stocks have the same contribution of risk to the index.
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Over the same period, the Hang Seng Index has risen 14%, reflecting foreign-investor optimism about China's long-term prospects.
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At the same time, the Philly Fed index topped expectations, despite marking a fifth consecutive month of declines.
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The benchmark Shanghai Composite Index has fallen nearly 17% over the past year, compared with a nearly 13% drop in the broader Dow Jones Asia-Pacific index over the same period.
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The factory purchasing managers' index was unexpectedly the same in April as in March, 48.6, better than the decline that had been expected but still below the 50 level that separates growth from recession.
The Russell 2000 index is now at the same level as in January of this year.
The same phenomenon can be observed in the index-linked government-bond market, where both interest payments and the maturity value are pegged to inflation.
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At the same time the U.S. dollar index rallied on news that weekly U.S. jobless claims fell by 5, 000.
The gold market bulls are impressed their yellow metal is holding gains at the same time the U.S. dollar index trades sharply higher.
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Bargain hunters stepped in to buy the dip in gold prices at the same time the U.S. dollar index sold off from higher levels seen earlier in the day.
Those reports pressured the Euro currency and boosted the U.S. dollar index, while at the same time pressure crude oil and other commodity markets.
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My picks declined an average 6% by year-end and would have left you 3% poorer than a hypothetical investor putting the same money at the same dates into a no-load index fund.
The iShares MSCI Japan Index (EWJ) shows the same technical damage and was trading 7.6% lower pre-market Tuesday in New York.
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Over the same period, the Morgan Stanley Capital International World index returned just 12% a year on average.
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